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20121222
20121230
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MSNBCW 13
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English 13
Search Results 0 to 12 of about 13
MSNBC
Dec 24, 2012 11:00am PST
's no deal, let's look at what happens to tax rates in just seven days and these stats are from the tax policy center. the annual income from somebody in the $50,000 to $75,000, about a $2,400 increase. jumping ahead to $100,000 to $200,000, the average tax increase, $6,600. tacking at that great divide of the wealthy, over $250,000, at least a $11,000 tax hike. over $1 million, more than $254,000. >> hampton, looking at that number, that's for those americans working right now. there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with
MSNBC
Dec 23, 2012 12:00pm PST
john boehner seem so close to getting a deal done. they were really close on taxes and entitlement reform. we saw that last week house speaker john boehner couldn't get his plan b through the house. aides tell me right now president obama does not feel as though he has to compromise much more. he believes he has the leverage because he won reelection. >> on taxes i know it is hard for the republicans but the president ran on that platform. 250. no taxes for people below but taxes above. he won. 60% of the voters said they were for it in the exit polls including some republicans. >> reporter: there is also a lot of skepticism among lawmakers. senator joe lieberman said he thinks the country is closer than ever to going over the cliff. the last time interestingly that lawmakers worked between the christmas holiday and new year's was in 1996. that is, of course, when they were dealing with the government shut down. politics will be put aside this morning. the president, a lot of members of congress will be attending that memorial service for the late senator. >> kristen welker in hawa
MSNBC
Dec 27, 2012 8:00am PST
that would raise taxes, would they allow it to -- and the answer to that is probably not. democrats have alleged for week now what john bain ser doing is waiting until the gavel is safely in his hands for the next congress. that happens on january 3rd, when they formally elect a speaker. that's one theory, but probably the thing that make the most sense is the fact that then it becomes a vote to cut taxes for 98% of americans, instead of allowing them to rise for 1% or 2%. that is something logically the republicans would probably or more likely go along with, though at this point who knows where we'll end up with on this thing. january 3rd is the new congress. in the days after that, that's the inertia it scenario. >> gentlemen, thanks so that. i appreciate it. >>> we want to bring in today's panel s perry bacon, democratic strategy margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to
MSNBC
Dec 24, 2012 10:00am PST
hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service for the late u.s. senator from daniel inouye. >> white house correspondent kristen welker. kristen, obviously they always say the white house travels with the president wherever he is. that's where the white house is. the president, though, is enjoying vacation, but still continuing to keep tabs on the fiscal cliff negotiations, correct? >> he is. white house officials describe this as a working vacation. i think there have been may
MSNBC
Dec 28, 2012 8:00am PST
brought before the house, keeping the middle-class tax cuts, but not those for the upper income, and making sure the alternative minimum tax did not go into effect -- i think it would pass with a coalition. and i think the same could be true of unemployment insurance. 2 million people will lose their federal benefits tomorrow, if we don't have. 2 million people. >> when we snowe the fiscal cliff was imposed as a stopgap on you and all of your colleagues on the hill, are you disappointed that you've had to see it come down to the wire like this? this is basically a self-designed fiscal nightmare that you and all of your colleagues have created. are you disappointed that we haven't been ability to get it together more? >> absolutely. it shouldn't happen this way, but the republican conference showed last week how divided they are. >> there are republicans who don't want to vote for any tax increase. that's timied actions here. in the senate, i heard senator mcconnell that the november election -- that isn't true. the president was out there clearly saying there should be a continu
MSNBC
Dec 26, 2012 8:00am PST
brink and taxes going up for all americans. so far, there's been no call for the house to get back to the hill. senators return to the capitol tomorrow. the question remains krks the president join congress and surf the rough political waters to get a deal in time? >> i think he's doing all he can and calving hell at the same time and there's give, give. i think it's very, very difficult, particularly after boehner's plan "b" failed. >> the key issue i think and the american people are catching on is that the problem that we have is we have a right wing political figure in the house way, way, way out of touch of what the american people are thinking. >>> there's early economic sinls that the uncertainty over the cliff may have clayed the role of scrooge this holiday season. early holiday numbers point to the worst year to year growth since 2008. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now
MSNBC
Dec 24, 2012 6:00am PST
that sentiment, if no deal is struck by next tuesday. people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't believe there's a fiscal side of the budget. they're focused on cutting spending in unprecedented ways and they don't believe in taxes essentially. on the budget committee we've seen this day in and day out. these members of the house, and i don't know how many of them there are, but at least 50 or 60 basically have established a record in which ne hathey have firmly embraced the concept of not raising taxes and serious cuts that they put themselves in a box and they really can't get out and that's really tying up everything. because we can do a deal very q
MSNBC
Dec 22, 2012 11:00am PST
getting close to some sort of a deal, a deal that would have dealt with deficit reduction as well as tax reform, but that all fell apart and now there's a big question mark about how they move forward and the president himself acknowledging when he addressed the nation on friday that given the tight timeframe, hopes for a larger deal have all, but faded and he's calling on congress to work together to just get a deal that would have at the very least extend lower tax rates for those making $250,000 or less and also to extend unemployment insurance and to help lay the groundwork for deficit reduction in the future. right now the expectations have been lowered a great deal in terms of what is actually possible and you heard the president say that he is still optimistic that something can get done before the january 1st deadline and of course, there's a lot of pressure for these lawmakers to get something done because if they don't the economy could go back into a recession eventa you willy. >> kristen well wiker with the president in hawaii. >>> joining me now from his home district in ver
MSNBC
Dec 24, 2012 7:00am PST
he made. he limited the reach of the tax cut, changed the indexing of social security. he put that stuff in there to get republican votes. i think if john boehner -- and it would take courage, said we're going to let the whole housework its will, you can't pass a lot of reasonable bills if you worked from the center out instead of starting from the far right and see what they can take. it's clear they're not going to accept much of anything that might be helpful. >> red state was reporting 34 would bolt from the caucus. what's your thought here, e.j.? did the republicans do a disservice to themselves? >> absolutely. i think they took themselves out of the negotiation. in the end, the house has to approve something. you were mentioning that a deal could start in the senate. even if you get something through the senate, is it stalls has to pass the house. again it's john boehner taking a big political risk, but saying we're going to put together a coalition of republicans who want to govern and pass something together with democrats who want to govern and pass something. >>> i w
MSNBC
Dec 24, 2012 8:00am PST
-back version of the grand bargain, something to prevent taxes going up, and also lay the groundwork potentially for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats, majority leader harry reid spoke and praised senator inouye for his partisan spirit, reaching across the aisle. of course in an earlier memorial service, the president called the late senator his earlier inspiration, on a a lot of members of congress came together to pay their respects. >> thank you, kristin. >>> if congress and the president fail to reach a deal, the impact is as unlikely as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benef
MSNBC
Dec 24, 2012 9:00am PST
kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both sides of the aisle, they spoke in support of at least a smaller deal on sunday. joe lieberman seemed to have less hope. >> it's the first time that i feel that it's more likely that we will go over the cliff than not, and that if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the impact it will have on almost every american. >> kristen welker is nbc's white house correspondent, also traveling with the president in honolulu. kristen, explain to all of us because it appears the lights are out in washington d.c. the president is in hawaii. everyone is home. with all the sides saying that they expect to go over the cliff, it looks pretty likely that that might just happen. >> well, i certainly think that concern is growing. that that's a real possibility at this point. at the same time, thomas, i think ther
MSNBC
Dec 22, 2012 12:00pm PST
toward a package that prevents a tax hike on middle-class americans and that's an achievable goal that can get done in ten days. >> i don't want tax rates to go up and republicans don't want tax rates to go up. the best way to address our crippling debt is to make significant spending cuts and fix our tax code, to pave the way for long-term growth and opportunity. >>> nbc's kristin welker is traveling with the president in hawaii and kristin, the president you are just learning he thinks some time off could do everyone some good here. >> that's right. on friday when president obama spoke to the nation before he left to come to hawaii he urged members of congress to take these days off during the holidays, to cool off and to gain some perspective. here's more of what president obama had to say. take a listen. >> so, as we leave town for a few days to be with our families for the holidays i hope it gives everybody some perspective. everybody can cool off. everybody can drink some eggnog, have some christmas cookies and sing some christmas carols, enjoy the company of loved ones. >>
MSNBC
Dec 22, 2012 1:00pm PST
to work together to at least prevent taxes from going up. he had has acknowledged that there's not enough time to get a large sweeping deal done. he said yesterday, members of congress should take the days of vacation to cool offer, and gain perspective and come back ready to work to get something done. will it happen? we will have to wait and see, the clock is ticking on these negotiations. richard? >> joining us now is mark murray, he is the senior political editor. mark, when we look at the after plan-b failed, what are some of the scenarios that you worked out as we look forward to the limited days ahead of us. the first is what was laid out, it's a quick fix that you end up having. it would originate in the senate and it was no surprise that harry reid was meeting yesterday, it would be a short-term fix to prevent the fiscal cliff. the other is the grand bargain, and time is running out, it's unlikely you will get something like that, however, there's a chance that john boehner and republicans say, mr. president, the last offer that you had on the table, we agree to. and the third op
Search Results 0 to 12 of about 13